Brokerages Set Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Target Price at $25.16

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-one ratings firms that are covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $25.16.

Several research firms have recently weighed in on NCLH. BNP Paribas began coverage on Norwegian Cruise Line in a research note on Thursday, March 27th. They issued a “neutral” rating and a $21.00 price objective on the stock. Bank of America decreased their price target on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Macquarie reduced their price objective on Norwegian Cruise Line from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. Truist Financial reduced their price objective on Norwegian Cruise Line from $35.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, May 19th. Finally, Citigroup increased their price target on Norwegian Cruise Line from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, June 5th.

Norwegian Cruise Line Price Performance

NYSE NCLH opened at $19.03 on Thursday. Norwegian Cruise Line has a twelve month low of $14.21 and a twelve month high of $29.29. The company has a debt-to-equity ratio of 9.09, a quick ratio of 0.16 and a current ratio of 0.19. The stock has a market capitalization of $8.50 billion, a PE ratio of 11.00, a P/E/G ratio of 0.33 and a beta of 2.12. The stock has a 50-day simple moving average of $18.00 and a 200 day simple moving average of $21.60.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). Norwegian Cruise Line had a net margin of 9.05% and a return on equity of 66.78%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The company’s revenue was down 2.9% on a year-over-year basis. Research analysts anticipate that Norwegian Cruise Line will post 1.48 EPS for the current year.

Institutional Trading of Norwegian Cruise Line

A number of large investors have recently made changes to their positions in the company. Hopwood Financial Services Inc. bought a new position in Norwegian Cruise Line during the 4th quarter worth about $26,000. Kestra Investment Management LLC bought a new position in Norwegian Cruise Line during the 4th quarter worth about $27,000. Rakuten Securities Inc. increased its holdings in Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 739 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in Norwegian Cruise Line by 238.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,249 shares of the company’s stock worth $32,000 after purchasing an additional 880 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new position in Norwegian Cruise Line during the 4th quarter worth about $40,000. Institutional investors own 69.58% of the company’s stock.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.